Which of the following statements concerning the capital structures of Japanese companies is correct?

Select one:

a.The capital structures of most Japanese companies contain little debt that is issued in Japan; that is, most firms are financed with foreign debt.

b.Companies in Japan raise most of their funds using publicly-issued corporate bonds.

c.Debt monitoring costs are extremely high in Japan.

d.Companies in Japan use greater proportions of debt than companies in most other countries.

e.Companies in Japan are financed nearly entirely with equity.

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